Europe Stocks Edge Higher; Oil futures less than $ 15: market close


(Bloomberg) – European stocks rose slightly while Asian stocks fell with US stock futures at the start of a great week for corporate profits and amidst timid signs that infection rates by coronaviruses are slowing in some large economies. The dollar has strengthened.

The Stoxx Europe 600 index opened in the green as most of the national gauges progressed. Energy companies fell, as the price of oil fell again. West Texas Intermediate oil plunged below $ 15 a barrel to its lowest level in 21 years.

S&P 500 contracts slipped after US stocks posted the first consecutive weekly gain since early February. Stocks retreated across much of Asia, although the Shanghai benchmark rose. The Bloomberg Dollar Spot Index recovered some of its decline from Friday, while Treasury bills edged up. The euro has weakened alongside the British pound and the yen.

Profit season is seriously recovering this week, with big companies like International Business Machines Corp., Coca-Cola Co. and Netflix Inc. among those on the calendar. Goldman Sachs Group Inc. strategists predict that US companies will cut their cash spending by a record high this year.

Meanwhile, the pandemic is showing signs of slowing down in some places. New York Governor Andrew Cuomo said the state may have passed the high level of death. Fewer daily deaths have been reported in Germany, Italy, Spain and the United Kingdom.

Governments and policy makers continue to try to limit the economic damage from the epidemic. In the United States, Speaker of the House Nancy Pelosi and Secretary of the Treasury Steven Mnuchin were optimistic that an agreement would be made to top up funds for a loan program to help small businesses stay afloat. The Financial Times reported that European officials were discussing the creation of a bad bank for the region. Chinese banks have cut borrowing costs and the government has promised to sell 1 trillion yuan ($ 141.3 billion) in bonds to pay stimulus spending.

These are the main movements on the markets:


Futures on the S&P 500 Index fell 0.6% at 8:08 a.m.London time, the Stoxx Europe 600 Index was up 0.2% and the MSCI Asia Pacific Index was down 0.8%.


The Bloomberg Dollar Spot Index gained 0.3%. The euro fell 0.1% to $ 1.0862. The pound fell 0.3% to $ 1.2445.


The yield on 10-year Treasury bills fell by less than one basis point to 0.64%. The 10-year yield on Germany increased by one basis point to -0.46%. Britain’s 10-year yield rose two basis points to 0.32%.

Raw materials

Gold fell 0.2% to $ 1,678.69 an ounce. West Texas Intermediate crude fell 18.6% to $ 14.87 a barrel. “data-reactid =” 32 “> For more articles like this, please visit us on

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